Under Offer St Amblecote, Stourbridge, DY8 £1,495,995
FREEHOLD
15,244 Sq ft
Currently FULL Planning for 16 apartments
Potential for 8 more
Current Rent Roll £50,300 per annum
Year of Build 1978
3 Floors
Total Site Size: 0.77 Acres
Potential further development
This fantastic opportunity to procure this centrally located commercial building with development opportunity on the first & second floors. The first & Second floor has FULL Planning for 4 x 2 bed and 12 x 1 bed apartments, ranging in size from 538 Sq ft > 673 Sq ft in size.
Planning for 16 apartments in total. The block next door is a purpose built block of apartments with the apartments achieving £115,000 - £125,000 - £650 pcm (2 Beds) Evolution House. 5 blocks of 6 apartments.
Retail and storage areas at the rear are incoming producing £50,300 per annum. The current site in total is 0.77 Acre. With further development opportunity to the rear or developing the whole site with a new scheme.
For more information or to book a viewing please contact the Sales Team on the details below.
IMPORTANT NOTICE FROM IMPERIAL PROPERTIES
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.